good evening everyone, thank you for joining us, tyler is off tonight. our top story, record earnings from two of the nations biggest banks but stocks endeder their winning streak. j.p. morgan and wells fargo reported big profits but investors were not impressed focusing on a decline in the mortgage business. the worry is that weak loan demand could jeopardize the u.s. recovery. j.p. morgan's earnings jumped more than 30%, $.20 more than was estimated, that is not due to loan growth. revenueses fell, that was slightly below expectations. and a particular story at wells fargo, where profits soared, $.92 a share, beating estimates by $.04 a share. joining us with more analysis, fred cannon, he is the director of the bank research firm. fred, what is the most important take away from the reports today from j.p. morgan and wells fargo? >> what is important is the big banks, revenue growth is hard to find. it seems that every time something goes wrong, something else is going wrong. the trade ing income was strong.